Magazine article Mortgage Banking

Real Info Offers AVM with Property Condition Report

Magazine article Mortgage Banking

Real Info Offers AVM with Property Condition Report

Article excerpt

Real Info Inc., Buffalo, New York, a national technology provider of real estate data and automated valuation models, now offers AVMs with property condition reports designed to meet new regulatory appraisal and evaluation guidelines. Real Info has contracted with Valley View, Ohio-based, Safeguard Properties as its provider for third-party condition inspection reporting with full photo documentation.

The recently published interagency guidelines recommend that lenders should consider obtaining verification of a property's current physical condition when utilizing AVMs. By supplementing its existing AVMs with external property condition reports and subject photos, Real Info is assisting lenders in achieving compliance with the new requirements and ensuring accurate results.

The process is seamless and provides the end user the opportunity to request a condition report as a stand-alone product to accompany any AVM, including Real Info's i-Val[TM] and realAssessment[TM] reports.

Property condition reports are conducted by a qualified real estate professional to determine subject location and condition, which include photos along with an AVM. …

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.